The Annual General Meeting, held on February 9, 2010 decided, according to the Board of Directors proposal for the following authorizations:
AUTHORISING THE BOARD OF DIRECTORS TO RESOLVE ON THE DISTRIBUTION OF THE ASSETS OF THE COMPANY
The Board of Directors was authorised, in accordance with its proposal, to resolve at its discretion on a possible distribution of assets as dividend or assets from the reserve for invested unrestricted equity if the financial position of the company supports that. The maximum aggregate amount of the distribution of assets is EUR 0.05 per share. The authorization includes the right of the Board of Directors to resolve on all other terms and conditions relating to the distribution of assets. The authorization is valid until the next Annual General Meeting.
AUTHORISING THE BOARD OF DIRECTORS TO RESOLVE ON THE ACQUISITION OF THE COMPANY'S OWN SHARES
The Board of Directors was authorised, in accordance with its proposal, to resolve on the acquisition of the company's own shares, in one or several instalments, on the following terms and conditions:
Based on the authorization an aggregate maximum of 4,000,000 own shares may be acquired by using the company's unrestricted equity. The shares shall be acquired in public trading arranged by NASDAQ OMX Helsinki Oy at the prevailing market price. The minimum price of the shares to be acquired is thus the lowest market price quoted in public trading during the validity of the authorization, and the maximum price is the highest market price quoted in public trading during the validity of the authorization. The rules of NASDAQ OMX Helsinki Oy and of Euroclear Finland Oy shall be complied with in the acquisition. The authorization includes the right of the Board of Directors to resolve on all other terms and conditions relating to the acquisition of the company's own shares. Thus, the authorization also includes the right to acquire own shares otherwise than in proportion to the holdings of the shareholders. The authorization is valid until the next Annual General Meeting.
AUTHORISING THE BOARD OF DIRECTORS TO RESOLVE ON THE ISSUING OF SHARES, OPTION RIGHTS AND OTHER SPECIAL RIGHTS ENTITLING TO SHARES
The Board of Directors was authorised, in accordance with its proposal, to resolve on the issuance, in one or several instalments, of shares, option rights and special rights pursuant to chapter 10, section 1 of the Finnish Companies Act, so that the aggregate maximum number of new shares granted on the basis of the authorization does not exceed 13,000,000 new shares. In addition, a maximum number of 4,000,000 own shares held by the company may be transferred in connection with a share issue and/or received based on special rights entitling to shares. The authorization includes the right to resolve on a directed issue deviating from the shareholders' pre-emptive subscription right and the right to resolve on a directed share issue without payment. The authorization is in force until the 2012 Annual General Meeting. The earlier authorization is terminated with this authorization.
Updated February 11, 2010
|